Microstrategy Buys 1,070 BTC for $101 Million: Unexpected Strategy
MicroStrategy has just purchased another 1,070 BTC for about $101 million, achieving a BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of May 1, 2025, the company owns 447,470 BTC worth about $27.97 billion, an average of $62,503 per bitcoin. Led by co-founder Michael Saylor, MicroStrategy has been steadily increasing its Bitcoin reserves, following an ambitious 21/21 plan to accumulate $42 billion through both equity and bond issuances.
To date, the company has purchased more than 194,000 BTC, reaching 42% of its target in just two months. To fund its Bitcoin buying strategy, MicroStrategy will issue perpetual preferred stock, with preferred stock having a liquidation priority. The company’s entry into the Nasdaq 100 has attracted billions of dollars in investment funds, and MicroStrategy shares have surged 13%, currently trading at $339.
